Easy Pay Direct Opens CBD Merchant Accounts
As of 2018-02-19, Easy Pay Direct will open merchant accounts to process credit cards domestically (in the US) for e-Commerce stores selling CBD products.
This will look and feel just like processing credit cards for any other business.
- Each batch of transactions will be settled into the business’ bank account daily.
- The business’ name will be displayed in the descriptor of the consumer’s credit card statement.
- The merchant account, bank account and business will all be in the United States.
- A 5% reserve will likely be held for 6 months.
Accounts are for hemp based CBD only. Lab tests results are required to validate the products as CBD derived from Hemp.
Easy Pay Direct has focused on high volume and high-risk business since 2010
With the rise of medical legalization, recreational legalization and also CBD adoption, the banking and credit card processing climate around cannabis has been volatile to say the least.
Over the last 4 years alone, the ability to process credit card payments for marijuana and CBD has been allowed and disallowed several times. Generally, when a solution has cropped up (pun intended), it has been a workaround that pushes the limits of legality.
Those options have been expensive, unreliable and ultimately resulted in a huge expenditure of time and money for CBD entrepreneurs who used those options. FINALLY, we have the first 100% above board, legal CBD merchant accounts in the US.
Cost associated to CBD businesses:
- $29.99 per month
- 6.95% + $0.35 per transaction
- Gateway Provided
“I’m so glad I found Easy Pay Direct! Customer service and merchant support are absolutely amazing and you’ve made it so easy for me to do automatic load balancing with multiple merchant accounts. I couldn’t be happier about switching to Easy Pay Direct!”Traditional Cooking School
“The Easy Pay Direct team is great and easy to work with!”North Scottsdale Family Dentistry
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“THANK YOU, THANK YOU, Easy Pay Direct! I didn’t know how difficult it was to set up a merchant account, and you guys have made that process so easy for us. I call you the lightning bolt in Customer Service because you are so fast! You have been a pleasure to work with.”Build to Rock by LeapZone
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“Easy Pay Direct has been an extension of our business and family. To have a partnership with someone who will do things WITH you and FOR you, is worth it’s weight in gold.”NeuroGym.com
“Ted was the man! He went above and beyond to get everything taken care of. Working with Easy Pay Direct was really a WOW experience!”Powerful Agency Systems
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“I’ve been in business for a long, long time. Easy Pay Direct protects me. I love working with them, easy to setup, no problems at all.”Larry Goins.com
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“Easy Pay Direct is makes running your business from the road incredibly easy. Great Service. Great Support. Great Gateway.”Cutco Closing Gift Consultant
“We needed 5 accounts for each business – EPD made it easy! The Gateway, The Merchant Accounts, The Protection – a one stop shop.”Dicks + Nanton Celebrity Branding Agency
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“I just wanted to say how happy I am about our decision to work with Easy Pay Direct. They have not only made it effortless and inexpensive to accept credit cards, but they also have gone to bat for us on several occasions to get back reserves from our merchant account provider. I wouldn’t imagine ever taking our business elsewhere.”RoachClip.com
“After having my merchant account shut down by my old processor, Easy Pay Direct got me up and running in less than a week”www.GetWTF.com
“Easy Pay Direct is a user friendly system that when coupled with exceptional customer service – gives any business owner peace of mind. Big Thanks EPD!”Tu Accion En Vision
“I have been using Easy Pay Direct now for five years and I can’t say enough good about it… It has saved me countless hours researching payments and/or refunds… it’s setup is user friendly… and I especially like the reports I can download from it. Great Gateway.”Libri Services, LLC
“The system works great. it’s super intuitive and just makes things easier.”
“…life is just easier with an ACH Merchant Account. I KNOW that I’m getting paid every month…”Olicorp Property Management
“If I had known how much quicker we were going to get paid, I would have paid for the EPD system a long time ago.”Pinnacle House Painters